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Program on Corporate Governance Advisory Board
- William Ackman
- Peter Atkins
- David Bell
- Kerry E. Berchem
- Richard Brand
- Daniel Burch
- Paul Choi
- Jesse Cohn
- Arthur B. Crozier Christine Davine
- Renata J. Ferrari
- John Finley
- Andrew Freedman
- Ray Garcia
- Byron Georgiou
- Joseph Hall
- Jason M. Halper
- Paul Hilal
- Carl Icahn William P. Mills
- David Millstone
- Theodore Mirvis
- Philip Richter
- Elina Tetelbaum
- Sebastian Tiller
- Marc Trevino Jonathan Watkins
- Steven J. Williams
- Daniel Wolf
HLS Faculty & Senior Fellows
Author Archives: Harvard Law School Forum on Corporate Governance and Financial Regulation
Designation of Systemically Important Nonbank Financial Companies Under Dodd-Frank
Editor’s Note: H. Rodgin Cohen is a partner and senior chairman of Sullivan & Cromwell LLP focusing on acquisition, corporate governance, regulatory and securities law matters. This post is based on a Sullivan & Cromwell LLP publication; the full version, including footnotes, is available here. On October 11, 2011, the Financial Stability Oversight Council unanimously […]
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Posted in Banking & Financial Institutions, Financial Regulation, Legislative & Regulatory Developments, Practitioner Publications, Securities Regulation
Tagged Dodd-Frank Act, Financial institutions, FSOC, Leverage, Liquidity, Systemic risk
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Leadership in the Fund Industry
What is the critical factor for success in the U.S. mutual fund industry? Is it top-ranked investment performance, innovative products, or pervasive distribution? In our view, it is none of these factors, despite their obvious importance. Instead, the best predictors of success in the U.S. fund business are the focus and organization of the fund […]
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Posted in Academic Research, Banking & Financial Institutions, Private Equity
Tagged Fund managers, Mutual funds
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Registration of Security-Based Swap Dealers and Major Participants
Editor’s Note: Annette Nazareth is a partner in the Financial Institutions Group at Davis Polk & Wardwell LLP. This post is based on a Davis Polk client memorandum. On October 12, 2011, the Securities and Exchange Commission (the “SEC” or the “Commission”) proposed, by a 3-1 vote, rules under the Dodd-Frank Act to provide for […]
Click here to read the complete postISS Seeks Comment on Draft Proxy Voting Policies
Editor’s Note: The following post comes to us from Bimal Patel, Manager for Global Governance Policy at the ISS Governance Institute. As a critical component of ISS’ annual policy formulation process, ISS is seeking comment from institutional investors, corporate issuers, and other governance market participants on its proxy voting policy updates while they are still […]
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Posted in Corporate Elections & Voting, Executive Compensation, Institutional Investors, Practitioner Publications
Tagged Executive Compensation, ISS, Proxy access, Proxy voting, Say on pay, Surveys
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Clearinghouse Over-Confidence
Editor’s Note: Mark Roe is the David Berg Professor of Law at Harvard Law School, where he teaches bankruptcy and corporate law. This post is Professor Roe’s most recent op-ed in his regular column series titled “The Rules of the Game” written for the international association of newspapers Project Syndicate, which can be found here. […]
Click here to read the complete postDeviation from the Target Capital Structure and Acquisition Choices
In the paper, Deviation from the Target Capital Structure and Acquisition Choices, forthcoming in the Journal of Financial Economics, I explore the effects of a firm’s leverage deficit on its acquisition choices. In particular, I examine the extent to which a firm’s leverage deficit affects the likelihood of the firm making an acquisition as well […]
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Posted in Academic Research, Banking & Financial Institutions, Empirical Research, Mergers & Acquisitions
Tagged Capital structure, Financing conditions, Leveraged acquisitions, Target firms
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Proxy Access: Only The Beginning
Editor’s Note: Francis H. Byrd is Senior Vice President, Corporate Governance & Risk Practice Leader at Laurel Hill Advisory Group. This post is based on a Laurel Hill newsletter. Related work on proxy access by the Program on Corporate Governance includes Private Ordering and the Proxy Access Debate by Bebchuk and Hirst, and the proceedings […]
Click here to read the complete postPoor Corporate Governance and the Diversification Discount
Two important sources of company value are governance and diversification. In our paper, How Much of the Diversification Discount Can Be Explained by Poor Corporate Governance? forthcoming in the Journal of Financial Economics, we investigate links between these two attributes. We seek to determine whether the negative association between firm value and diversification, established in […]
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Posted in Academic Research, Comparative Corporate Governance & Regulation, Empirical Research
Tagged Diversification, Firm valuation, Governance standards
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